07-11-2020, 11:51 AM
In a recent blog post, Daniel Ferraro, Marketing Director at IntoTheBlock, affirmed that the number of Bitcoin “hodlers” on the network has been trending up for over the past twelve months. These are defined as addresses holding BTC for more than one year.
Even after the global financial turmoil caused by the ongoing pandemic, the steady increase in the number of BTC “hodlers” has been uninterrupted.
“THE NUMBER [OF BITCOIN ‘HODLERS’] REACHED 20 MILLION, OR ROUGHLY TWO-THIRDS OF ALL ADDRESSES WITH A BALANCE. SIMILARLY, APPROXIMATELY 60% OF THE CIRCULATING SUPPLY OF BITCOIN IS HELD BY THESE ADDRESSES WITH AN AVERAGE TIME HELD OF 4.7 YEARS,” SAID FERRARO.
@TradeCryptoNow
Even after the global financial turmoil caused by the ongoing pandemic, the steady increase in the number of BTC “hodlers” has been uninterrupted.
“THE NUMBER [OF BITCOIN ‘HODLERS’] REACHED 20 MILLION, OR ROUGHLY TWO-THIRDS OF ALL ADDRESSES WITH A BALANCE. SIMILARLY, APPROXIMATELY 60% OF THE CIRCULATING SUPPLY OF BITCOIN IS HELD BY THESE ADDRESSES WITH AN AVERAGE TIME HELD OF 4.7 YEARS,” SAID FERRARO.
@TradeCryptoNow